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ON
MARKETING STRATEGIES OF ROLLS-ROYCE
A project report submitted in the partial fulfillment of the requirements
For the award of the degree of
BACHELOR OF BUSINESS ADMINISTRATION
TO
GURU GOBIND SINGH INDRAPRASTHA UNIVERSITY
By
AKSHAY GROVER
Enroll no.: 00190201815
Under the guidance of
AND
INFORMATION TECHNOLOGY
(Affiliated to Guru Gobind Singh Indraprastha University, Delhi)(20152018)
DECLARATION
I hereby declare that the project work entitled
Marketing
strategies
of
Rolls-Royce
is
Place- Delhi
CERTIFICATE
This
is
to
certify
that
Akshay
Grover
Enrolment
Sri Guru
Tegh
has
done
project
work
on
Marketing
Place: Delhi
Date:
ACKNOWLEDGEMENT
With performed sense of gratitude and regard, I
express my sincere thanks to my guide and trainer
Ms. Aman Luthra mam for her valuable guidance
and the confidence she inculcated in me, that
helped me in the successful completion of this
project report. Without her help, this project report
would have been a distinct affair. Her thorough
understanding of the subject and the professional
guidance provided me immense help. I am also
thankful of our teachers who cooperate with me
and gave me their valuable time.
Place- Delhi
_______________
Signature of the Scholar
Name- Akshay Grover
Enrolment No.: 00190201815
TABLE OF CONTENT
S.NO
TOPIC
PAGE
NO.
1.
2.
3.
4.
5.
6.
Declaration
Certificate
Acknowledgement
Introduction
Company Profile
Literature review
Case study 1
Case study 2
Research Methodology
7.
Objective of study
Design
Scope of study
Significance
Limitation
Data Analysis and Interpretation
8.
9.
10.
11.
CHAPTER-1
INTRODUCTION OF ROLLS ROYCE
Rolls-Royce Limited is a renowned British car-manufacturing and,
later, aero-engine manufacturing company founded by Charles Steward
Rolls and Sir Fredrick Henry Royce on 15 March 1906 as the result of a
partnership formed in 1904. In addition to the company's reputation for
superior engineering quality which has led to its epithet as the "best car
in the world", Rolls-Royce Limited was known for manufacturing the
high-powered "R" engines responsible for land and air speed records as
well as successful performances in automobile racing.
In 1907 Charles Rolls, whose interests had
turned increasingly to flying, tried unsuccessfully to persuade
Royce and the other directors to design an aero engine.
When World War I broke out in August 1914 Rolls-Royce (and
many others) were taken by surprise. As a manufacturer of luxury
cars, the company was immediately vulnerable, and Claude
Johnson thought the bank would withdraw its overdraft facility on
which Rolls-Royce depended at that time. Nevertheless, believing
that war was likely to be short-lived the directors initially decided
not to seek government work making aero engines. However, this
position was quickly reversed and the company was persuaded by
the War Office to manufacture fifty air-cooled under licence
from Renault.Meanwhile, theRoyal Aircraft Factory asked RollsRoyce to design a new 200 hp (150 kW) engine. Despite initial
reluctance they agreed, and during 1915 developed the
company's first aero engine, the twelve-cylinder Eagle. This was
quickly followed by the smaller six-cylinderHawk, the 190 hp
(140 kW) Falcon and, just before the end of the war, the larger
675 hp (503 kW) Condor.
1.1 -History
In 1884 Henry Royce started an electrical and mechanical business. He made his
first car, a two-cylinder Royce 10, in his Manchester factory in 1904, and
was introduced to Charles Rolls at the Midland Hotel, Manchester on 4 May of
that year.
In 1971, Rolls-Royce was crippled by the costs of developing the advanced jet
engine, resulting in the nationalisation of the company as Rolls-Royce (1971)
Limited. In 1973, the car division was separated from the parent company as RollsRoyce Motors. Rolls-Royce (1971) Limited continued as a nationalised company
until it was privatised in 1987as Rolls-Royce plc.
During 1906 Royce had been developing an improved six-cylinder model with
more power than the Rolls-Royce 30 hp. Initially designated the 40/50 hp, this was
the company's first all-new model. In March 1908 Claude Johnson, Commercial
Managing Director and sometimes described as the hyphen in RollsRoyce, succeeded in persuading Royce and the other directors that Rolls-Royce
should concentrate exclusively on the new model, and all the earlier models were
duly discontinued. After the introduction of the Phantom model in 1925 this 40/50
model was referred to as the Silver Ghost.
The new 40/50 was responsible for the company's early reputation with over 6,000
built. Its chassis was used as a basis for the first British armoured car used in
both world wars. In 1921, the company opened a second factory in Springfield,
Massachusetts in the United States (to help meet demand), where a further 1,701
"Springfield Ghosts" were built. This factory operated for 10 years, closing in
1931.
During 1906 Royce had been developing an improved sixcylinder model with more power than the Rolls-Royce 30 hp.
Initially designated the 40/50 hp, this was the company's first allnew model.In March 1908 Claude Johnson, Commercial Managing
Director and sometimes described as the hyphen in RollsRoyce.succeeded in persuading Royce and the other directors
that Rolls-Royce should concentrate exclusively on the new
model, and all the earlier models were duly discontinued. After
the introduction of the Phantom model in 1925 this 40/50 model
was referred to as the Silver Ghost. The new 40/50 was
responsible for the company's early reputation with over 6,000
built. Its chassis was used as a basis for the first British armoured
car used in bothworld wars. In 1921, the company opened a
second factory in Springfield, Massachusetts in the United States
(to help meet demand), where a further 1,701 "Springfield
Ghosts" were built. This factory operated for 10 years, closing in
1931. It was located at the former American Wire Wheel factory
on Hendee Street, with the administration offices at 54 Waltham
Ave Springfield was the earlier location for the Duryea Motor
Wagon Company, the location where the first American gasolinepowered vehicle was built.
After the First World War, Rolls-Royce successfully avoided
attempts to encourage the British car manufacturers to merge.
Faced with falling sales of the 40/50 (later known as Silver Ghost)
the company introduced the smaller, cheaper Twenty in 1922,
effectively ending the one-model policy followed since 1908.
In 1931 Rolls-Royce acquired the much smaller rival car
maker Bentley after the latter's finances failed to weather the
onset of theGreat Depression. From soon after World War II until
2002 standard Bentley and Rolls-Royce cars were often identical
apart from the radiator grille and minor details.
1.2 - Cars
chassis-only, no R-R built body until Silver Dawn
190406 10 hp
190505 15 hp
190508 20 hp
190506 30 hp
190506 V-8
190625 40/50 Silver Ghost
192229 Twenty
1.3 -Nationalisation
Financial problems caused largely by development of the new RB211
turbofan engine led, after several cash subsidies, to the company
being nationalised by the Heath government in 1971. The new company had
among its board members Lord Cole (a former chairman of Unilever),
Sir ArnoLWeinstock (managing director of GEC), Hugh Conway (managing
director RR Gas Turbines), Dr Stanley Hooker (RR Bristol), Sir William Cook (an
adviser to the Minister of Defence).
1.4-Aero engines
In 1907 Charles Rolls, whose interests had turned increasingly to
flying, tried unsuccessfully to persuade Royce and the other
directors to design an aero engine. When World War I broke out in
August 1914 Rolls-Royce (and many others) were taken by
surprise. As a manufacturer of luxury cars, the company was
immediately vulnerable, and Claude Johnson thought the bank
would withdraw its overdraft facility on which Rolls-Royce
depended at that time. Nevertheless, believing that war was likely
to be short-lived the directors initially decided not to seek
government work making aero engines. However, this position
was quickly reversed and the company was persuaded by the War
Office to manufacture fifty air-cooled V8 engines under licence
from Renault. Meanwhile, theRoyal Aircraft Factory asked RollsRoyce to design a new 200 hp (150 kW) engine. Despite initial
reluctance they agreed, and during 1915 developed the
company's first aero engine, the twelve-cylinder Eagle. This was
quickly followed by the smaller six-cylinderHawk, the 190 hp
(140 kW) Falcon and, just before the end of the war, the larger
675 hp (503 kW) Condor.
was
used
inArmstrong
Whitworth
AW.660
Argosy, Avro
748, Fokker F27 Friendship, Handley Page Herald and Vickers
Viscount aircraft, whilst the more powerful Tyne powered
the Breguet Atlantique, Transall C-160 and Vickers Vanguard, and
the SR.N4 hovercraft. Many of these turboprops are still in service.
Amongst the jet engines of this period was the RB163 Spey, which
powers the Hawker Siddeley Trident, BAC One-Eleven, Grumman
Gulfstream II and Fokker F28.
During the late 1950s and 1960s there was a significant
rationalisation of all aspects of British aerospace and this included
aero-engine manufacturers. In 1966 Rolls-Royce acquired Bristol
Siddeley (which had resulted from the merger of Armstrong
Siddeley andBristol Aero Engines in 1959) and incorporated it as
the Bristol Siddeley division. Bristol Siddeley, with its principal
factory at Filton, near Bristol, had a strong base in military
engines, including the Olympus, Viper, Pegasus (vectored thrust)
and Orpheus. They were also manufacturing the Olympus 593
Mk610 to be used in Concorde in collaboration with SNECMA. They
also had a turbofan project with SNECMA.
Leavesden Aerodrome, Watford was originally owned by
the Ministry of Defence and used during World War II for the
manufacture of Mosquito and Halifax aircraft. For a number of
years, Rolls-Royce used the site for the manufacture of helicopter
engines until the site closed in June 1993. The former Rolls-Royce
factory at Watford is now known as the Leavesden Film
Studios and has produced world-famous films such as James
Bond, Star Wars and Harry Potter.
1.5-Diesel engines
The railcar engines were often used with Twin Disc torque
converters which were built by Rolls-Royce under licence
from Twin Disc of the United States. "Twin Disc" is the name of the
company[7] (which originally manufactured friction clutches) and
does not describe the construction of the torque converter .
CHAPTER-2
ROLLS-ROYCE INDUSTRY PROFILE
Rolls-Royce Holdings plc is a British multinational public holding company that,
through its various subsidiaries, designs, manufactures and distributes power
systems for aviation and other industries. Rolls-Royce Holdings is headquartered
in City of Westminster, London. It is the worlds second-largest maker of aircraft
engines, and also has major businesses in the marine propulsion and energy sectors.
Rolls-Royce was the world's 16th-largest defence contractor in 2011 and 2012
when measured by defence revenues. It had an announced order book of
71.6 billion as of January 2014.
Rolls-Royce Holdings doesn't make cars so luxurious you'll cry (see Motor Cars),
but it sure can make an aircraft engine whine. One of the world's largest aircraft
engine makers, Rolls-Royce, through its Civil and Defense Aerospace businesses,
makes commercial and military engines for a broad customer base, including
airlines, corporate and utility aircraft and helicopter operators, and armed forces
around the world.
Beyond aviation, its Energy unit supplies gas turbine power generation to the oil
and gas industry, while its Marine segment makes propulsion systems that power
70 navies worldwide. Rolls-Royce has operations in North America, Europe, and
Asia, with an emerging presence in the Middle East.
Rolls-Royce is listed on the London Stock Exchange and is a constituent of
the FTSE 100 Index. As of June 2013, it had a market capitalisation of
22.22 billion, the 24th-largest of any company with a primary listing on the
London Stock Exchange.
2.1-Ownership and licensing of trademarks
In 1998, Vickers decided to sell Rolls-Royce Motors. The most
likely buyer was BMW, who already supplied engines and other
components for Rolls-Royce and Bentley cars, but BMW's final
offer of 340 million was beaten by Volkswagen's 430 million.
A stipulation in the ownership documents of Rolls-Royce dictated
that Rolls-Royce plc, the aero-engine maker, would retain certain
essential trademarks, including the Rolls-Royce name and logo if
the automotive division was sold. Although Vickers plc sold the
vehicle designs, nameplates, administrative headquarters,
production facilities, Spirit of Ecstasy and Rolls-Royce grill shape
trademarks to Volkswagen AG, Rolls-Royce plc chose to license
the Rolls-Royce name and logo to BMW AG for 40 million,
because Rolls-Royce plc had recently had joint business ventures
with BMW.
BMW's contract to supply engines and components to Rolls-Royce
Motors allowed BMW to cancel the contract with 12 months'
notice. Volkswagen would be unable to re-engineer the RollsRoyce and Bentley vehicles to use other engines within that time
frame. With the Rolls-Royce brand identification marks split
between the two companies and Volkswagen's engine supply in
jeopardy, the two companies entered into negotiations.
Products
Phantom
From 2003 Phantom 4-door sedan. Launched in January
2003 at Detroit's North American International Auto Show,
this is the first model from Rolls-Royce Motor Cars
Limited. The car has a 6.75 L V12 engine sourced from
BMW, but most components are unique to the car. Parts are
sourced from Continental Europe and the UK. Assembly,
leather work, wood work, and finishing are carried out in a
new factory in Goodwood near Chichester, Sussex.
From 2005 Rolls-Royce Phantom Extended Wheelbase. This
car's wheelbase is 250mm longer than that of the standard
Phantom sedan.
From 2007 Phantom Drophead Coup (convertible)
From 2008 Phantom Coup
Ghost
From 2010 Ghost 4-door sedan. Rolls Royce announced in
September 2006 that it would develop a new four-door
model named Ghost. The Ghost will be smaller than the
previous Rolls Royce automobile launched, the Phantom.
Only 20% of the components would be sourced from BMW
F01 7 Series, and it will be positioned below the Phantom.
On 4 March 2014, the new Ghost Series II was revealed to
the public at the Geneva Motor Show. It has a facelift front
with new LED headlights. The interior has had an update as
well.
Wraith
From 2013 Rolls-Royce Wraith coup. Rolls-Royce Motor
Cars launched a new car at the Geneva Motor Show on 5
March 2013.[5] The new car, named the Rolls-Royce Wraith
(in honour of the original Wraith built by the original RollsRoyce Limitedfrom 1938-1939) was a luxury coupe, with a
long bonnet and a sleek roof line, and was a coupe version of
the Ghost. It was powered by a 623 bhp, twinturbocharged V12
engine connected
to
an
8-speed
gearbox.Deliveries were expected to begin by the end of
2013. Rolls-Royce had stated that the Wraith would be the
most powerful Rolls-Royce motor car to that date.
SUV
2015 Rolls-Royce announced the production of SUV for the
very first time in the company history. According to Rolls
Royce, "the new SUV will set new luxury standards among
cars of this segment". It is likely to be rolled out in 2017 as a
2018 model.
CHAPTER-4
COMPANY PROFILE
Rolls-Royce plc provides power systems for land, sea and air throughout the
world. Its leading position in its key markets of aerospace, marine and energy has
been achieved by focused attention on customers requirements and a network of
manufacturing and service facilities staffed by exceptional.
Type
Private
Industry
Manufacturing
Distribution
United Kingdom (March 1998)
Founded
Headquarters
Goodwood,
Kingdom
Area served
Worldwide
Key people
Products
Services
England, United
BMW
War I, accounting for nearly half the air horsepower used by Allied
forces. By the late 1920s, the company derived more profit from
the manufacture of aero engines than it did from making cars.
Producing aero engines also had applications for developing
motorcar engines. In 1924, for example, Rolls-Royce introduced
front wheel brakes to its cars, as well as power assistance through
a gearbox driven servo. The interwar years also signaled a
departure from the company's practice of producing only one car
model. In 1922, the 3.5-liter, 20-horsepower model was
introduced. In 1925, the "New Phantom" succeeded the Silver
Ghost. Although its larger seven-liter engine had overhead valves
rather than side valves, the chassis and the running gear were
the same as those used on the Silver Ghost.
Over the next ten years, Rolls-Royce continued to manufacture
automobiles for an increasingly exclusive and wealthy clientele. In
1931, the company purchased Bentley Motor Ltd., a
consistentlyundercapitalizedEnglish
manufacturer
of
highperformance automobiles. Royce, who was conferred a baronetcy
in 1930, died in 1933.
Just before the outbreak of World War II, the Phantom II was
replaced by the Phantom III. The new model was driven by a V12
engine, the most powerful yet. Without Royce to oversee its
introduction, however, the Phantom III production had been
expensive. This led in 1937 to the company's consideration of
rationalizing its design and production facilities to contain
expanding operating costs.
Aircraft Engines Driving Growth During World War II
Before his death in 1933, Royce had set about designing a new
generation of aero engines that surpassed 1,000 horsepower in
size. The result was the PV12, a 27-liter engine eventually named
the Merlin. The Merlin was first used by the Royal Air Force in
1937. Two years later, the aero engine could maintain 1,000
horsepower to 16,000 feet. Impressed with its design and output,
the Royal Air Force agreed to help fund the development of
threefighter planesdesigned around the Merlin--the Fairey Battle
Bomber, the Hurricane, and the Spitfire. All performed with
memorable accuracy in the famed Battle of Britain during World
War II. Innovations to the engine during this time ensured it could
attain 1,000 horsepower at more than twice the original altitude,
47,000 by the war's end. Activity during World War II had greatly
expanded Rolls-Royce. Factories at Crewe and Glasgow, Scotland,
had been opened. By 1945, the company employed significantly
more than 50,000 people.
Ernest Hives, who served as CEO of Rolls-Royce from 1936 to
1957, decided in 1945 that the future of the company lay in
continuing to produce aero engines. He guided the company's
conversion from piston turbine engines to the new gas turbine
engine designed by Stanley Hooker and Frank Whittle in 1940. Car
production was moved from Derby to Crewe so that the Derby
facilities could work almost exclusively on developing the gas
turbine aero engine for the civil aviation industry.
An early customer of the Merlin engine was the Canadair DC4M, a
Canadian-built aircraft. The introduction of a military engine in a
civil aircraft took some tinkering before it was done successfully.
Rolls-Royce used its experience to judge just how different
commercial engine expectations were from military ones. In 1953,
Rolls-Royce introduced the Dart propjet engine for the Vickers
Viscount. This new engine had a centrifugal design and had taken
over from the Merlin 60 series of engines. The last Dart engine
was built in 1986, ending nearly 40 years of production.
Rolls-Royce also introduced the turbojet engine in the form of the
AJ65 model, or the Avon, which powered the world's first
commercial jetliner, de Havilland's Comet, as well as the
Canberra, Hunter, and Lightning. The company's second wholly
CHAPTER-3
LITERATURE REVIEW
RRUTC student Alison Wilson's review titled "Formation and effect of
topologically close-packed phases in nickel-base superalloys" has been honoured
with the runner up prize at this year's competition for the Materials Literature
Review Prize of the Institute of Materials, Minerals and Mining.
The Rolls-Royce Silver Shadow is a luxury car that was produced in Great
Britain in various forms from 1965 to 1980. It was the first Rolls-Royce to use
a monocoque chassis, a response to concerns that the company was falling behind
in automotive innovation.
standards of much of Europe and most of North America, roads were narrow and
crowded.
Outside of North America, where tall kerbs and the like demanded more ground
clearance, a front skirt was also fitted to the Silver Shadow II and its sister cars.
CHAPTER-5
RESEARCH METHODOLOGY
RESEARCH
5.4 -SIGNIFICANCE
Rolls-Royce have the biggest dealers network and the after sale service
center in India.
Rolls-Royce adopts the good promotional strategy about transferring their
thoughts to the costumers about the products.
Rolls-Royce got the highest number record in domestic sales with 966,447
units. Now they achieve 10,000,000 domestic sales mark.
Rolls-Royce has the strong brand value and very big strength of royal client
base.
Rolls-Royce have around 15 vehicles in their portfolio which have high
quality of production line and low fuel consumption such as silver ghost,
phantom etc.
The highest sales number of small car is rolls-royce -phantom solid gold.
Rolls-Royce is the first brand that starts to sale second-hand car through
their true value entity.
Bigger name in the market
Trust of People
5.5 -LIMITATION
The interior quality of Rolls-Royce car when compare with
the other brands is lower.
5.7 -INSTRUMENTS
Taking into consideration research instruments is selected by us is
questionnaire because it gives more flexibility in terms of the data
and has been asked to the respondents personally and has an
idea of getting an important unknown data that can be collected
through their behavior.
Mode of collection data: data collection mode is personal visit and
fulfilling up the questionnaire.
100
Sampling Procedure
has been
adopted.
CONCLUSION
In response to changes within its business environment RollsRoyce has developed its orientation from that of engineering to
become more business and service focused. The organization
has had to become much more proactive,dealing with new ideas
to create more services and customer focus. In the past, change
was rare and slow, the company tended to follow the market
trend. The structure of the organisationhas been realigned to
meet the needs of the new way of operating, organizational
structures define important relationships within the business and
create a mechanism for meeting business objectives.
BIBLOGRAPHY
www.Wikipedia.com
www.Google.com